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30-Year TIPS Auction… 0.77% Yield (TIP, IPE)

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By Jon C. Ogg Published

The U.S. Treasury has released the auction results for its 30-year TIPs, its bonds which offer inflation-adjustments or at least adjustments based upon short-term rate swings.  The auction for the current 0.75% coupon went off at yield of 0.77%, with 32.12% at the high yield, and indirect bid were 40.6%, while direct bids were 13.6%.  The bid-to-cover was 2.46.

Today’s 30-year TIPS auction was finalized at $9 billion in accepted offers.  It is amazing that rates can remain this low for this long when you consider how inflation can rise and fall through time and considering how indebted the world’s established nations are.

The iShares Barclays TIPS Bond Fund (NYSE: TIP) is down 0.35% at $118.50 and the SPDR Barclays Capital TIPS ETF (NYSE: IPE) is down 0.22% at $58.91.

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Photo of Jon C. Ogg
About the Author Jon C. Ogg →

Jon Ogg has been a financial news analyst since 1997. Mr. Ogg set up one of the first audio squawk box services for traders called TTN, which he sold in 2003. He has previously worked as a licensed broker to some of the top U.S. and E.U. financial institutions, managed capital, and has raised private capital at the seed and venture stage. He has lived in Copenhagen, Denmark, as well as New York and Chicago, and he now lives in Houston, Texas. Jon received a Bachelor of Business Administration in finance at University of Houston in 1992. www.247wallst.com.

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